WKHS Soars 37.65% as Shareholder Vote on Motiv Merger Nears Deadline

Shares of Workhorse Group (WKHS) surged 37.65% in pre-market trading on November 19, 2025, signaling renewed investor interest ahead of a critical shareholder vote. The sharp move follows the company’s urgent call for shareholders to approve a strategic transaction with Motiv ahead of its annual meeting on November 25.

The proposed deal, which aims to consolidate positions in the medium-duty electric vehicle (EV) market, has become a focal point for stakeholders. Workhorse warned that failure to secure a quorum could force the company into a standalone path, potentially triggering restructuring that risks eroding shareholder value. With many existing shareholders already supporting the merger, the firm emphasized the urgency of voting ahead of the November 24 deadline.

Financial challenges persist for Workhorse, which reported negative operating margins (-558.76%) and a net margin of -606.7% in recent filings. Despite these hurdles, the stock’s volatility—marked by a beta of 4.2—reflects heightened speculative activity as the market weighs the potential upside of the Motiv transaction against ongoing operational risks.

A backtest strategy could leverage this inflection point by targeting shares of WKHS ahead of the shareholder vote, assuming the transaction gains approval. A $10,000 position opened on November 18 would require a 10% stop-loss and 25% take-profit target, aligning with the stock’s historical volatility patterns. Traders might also monitor post-vote sentiment shifts, as a successful merger could catalyze a re-rating of the company’s valuation.